Shell plc Engages in Share Buy-Back Program
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Shell plc Announces Share Buy-Back Program
Transaction in Own Shares
Shell plc (the ‘Company’) announces that it has purchased shares for cancellation as part of its ongoing buy-back initiative.
Details of Shares Purchased
Aggregated information on Shares purchased according to trading venue:
Date of Purchase: 21/08/2024
Number of Shares Purchased: 808,888
Highest Price Paid: £27.2700
Lowest Price Paid: £27.0100
Volume Weighted Average Price Per Share: £27.1608
Venue: LSE
Currency: GBP
Trading Decisions and Parameters
These share purchases are part of the Company's existing share buy-back programme announced earlier. Citigroup Global Markets Limited will make trading decisions regarding these securities independently from the Company until a specified date.
On-Market and Off-Market Transactions
The on-market limb will occur within certain parameters set forth. The off-market transactions are conducted in line with the buy-back contract approved by shareholders.
Regulatory Compliance
The share buy-back program is in compliance with the relevant rules and regulations governing such practices, ensuring adherence to regulatory standards.
Contact Information
For further inquiries regarding this buy-back program, please contact:
Media International: +44 (0) 207 934 5550
Media Americas: +1 832 337 4335
LEI number of Shell plc: 21380068P1DRHMJ8KU70
Classification: Acquisition or disposal of the issuer’s own shares
Frequently Asked Questions
What is the purpose of Shell plc's share buy-back program?
The purpose is to manage and optimize the Company's capital structure while providing returns to shareholders.
Who is making the trading decisions for the buy-back program?
Citigroup Global Markets Limited will independently make trading decisions related to the shares.
How many shares were purchased on August 21, 2024?
On this date, a total of 808,888 shares were purchased for cancellation.
What was the highest price paid per share during this transaction?
The highest price paid was £27.2700 per share.
How does this buy-back program align with regulatory standards?
The program is conducted in accordance with Chapter 12 of the Listing Rules and relevant Market Abuse Regulation guidelines.
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